Oil beginning to threaten SIFs

SPX at 1329.xx looking a bit toppy very short term (until FED announcement.) Imo, take profits and come back at 1:00 EST and reevaluate.

Notice how badly YM is lagging...

nitro
 
I thought the FED action/language was far more dovish than I thought it would be.

Imo, this entire summer dynamics are going to be fractal. In other words, what you see now, is what you will get most of the summer on progressively higher time frames.

Imo, SIFs should go to 1350 short term. Then we reevaluate.

nitro
 
Look at the % gains for SIFs. They are whacked, especially YM, which is actually red!

SIF Spreaders are beginning to consider trades here...An obvious trade is sell ES buy YM, in the right ratio. Again, may take multi-days to snap back. This is riskier than ES/NQ because YM is 30 stocks. Still...

nitro
 
I have my poles reversed a bit [late] yesterday, but I tell you imo this is not a sell on the open.

Sheesh, YG +$30 :eek: and QM was just +$4 :eek:

This could be a very volatile morning. Since I don't want to sell the open, and the signs are ominous, I am turning my systems leverage down 10x.


nitro
 
Quote from nitro:

Look at the % gains for SIFs. They are whacked, especially YM, which is actually red!

SIF Spreaders are beginning to consider trades here...An obvious trade is sell ES buy YM, in the right ratio. Again, may take multi-days to snap back. This is riskier than ES/NQ because YM is 30 stocks. Still...

nitro
More...
The market hasn't even opened and this trade is coming to roost if you took it.

nitro
 
Quote from nitro:

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Was there support at 1305-1308? Minimal, but now it is support.

...

nitro
More...
It is worth noting that it is holding this range pre-market. Watch carefully and have holster greased, in both directions!....

nitro
 
Look at the ES DOM. It looks like the night sesssion going into Existing Home Sales. Yet, look at your time and sales, size is going off.

Hmmmmmmmm....

nitro
 
If it can't go lower, it can only go higher. They are shelling 1305, and it is holding.

Be very careful short. Imo stand aside. I hate short here.

nitro
 
If this is intra-day bottoming action, it is close to impossible to buy imo, and I reeeeallly don't like short.

Stand aside until clarification.

nitro
 
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